*To invest $5 bln in refining, petrochemicals by March. MUMBAI, July 24- India's Reliance Industries Ltd said on Friday it will invest $5 billion across its refining and petrochemicals business by next March, after strong refining margins boosted its quarterly profit. Controlled by India's richest man Mukesh Ambani, Reliance is India's second-largest company...

MUMBAI, May 14- Reliance Industries is in talks with Chinese manufacturers to secure cut-price phones that could be sold in packages from $30, as it seeks to repeat the low-cost revolution it unleashed with its first dip into India's mobile market more than a decade ago. Industry and company sources said Reliance, which aims to roll out India's first national 4 G...

NEW DELHI/ MUMBAI, Oct 29- India's new oil minister has promised to speed decision making in an effort to attract foreign investment, and will push domestic oil companies to aggressively bid for foreign oil and gas assets to meet growing energy demand.

NEW DELHI/ MUMBAI, Oct 29- India's new oil minister has promised to speed decision making in an effort to attract foreign investment, and will push domestic oil companies to aggressively bid for foreign oil and gas assets to meet growing energy demand.

MUMBAI, India-- India's Reliance Industries on Monday reported a 5.7 percent slide in September quarter profits from a year ago, as the company scales back investment in India's largest oil and gas fields.

A record harvest of wealth in India - more than 50 billionaires in the Forbes 2011 World Rich list and hundreds of multi-millionaires - is fueling an insatiable appetite for luxury goods from villas and fast cars to the ultimate symbol of status and power - a private jet.